While most people regard accounting as boring and tedious work, it's arguably the most important part of running a business. Honolulu accountants keep track of what money is coming in and what money is going out. But if your company gets stuck with a disgruntled or corrupt employee, you can find that the business could be owing money to the government and that it's in worse financial shape than it is on paper. With the help of an accounting professional in Honolulu, you could straighten everything out quickly.
[2] Excludes excise taxes collected,[3] Includes tax-exempt organization,[4] Collections of tax (withheld and not withheld) [5] Includes estimated tax. [Money amounts are in thousands of dollars] in Hawaii
Total Internal Revenue collections [2]
6,236,857
Corporation income tax [3]
501,902
Total [4,5]
5,562,189
Income tax not withheld and SECA tax [4,5]
1,243,348
Induvidual income emploment taxes withheld and FICA tax [4]
4,298,895
Source: Internal Revenue Gross Collections, by State, Fiscal Year 2001
Accountants are responsible for a wide variety of duties. They make sure that a company is run efficiently, that records are kept accurately and that taxes are paid on time. Generally, accountants will prepare, analyze and verify financial documents.
There are four types of Honolulu accountants:
Public Accountants
Management Accountants
Government Accountants
Internal Accountants
Each accountant specializes in one particular field to provide specialized services for a company or for private clients. Their expertise is especially important at large public companies who are forced to disclose their financial status to investors or the Securities and Exchange Commission. But if the government discovers discrepancies in a company's financial records, the company and its executives could be in some big trouble: They could face hefty fines and jail time.
Our Honolulu Accountants can guide you through many circumstances arising from starting your own business and also assist you with all of your tax questions.
Some typical issues Honolulu Accountants may help you with include:
Auditing
General Accounting
Business Matters
Financial Planning
Mergers and Acquisitions
Contact our Honolulu Accountants
If you live in the following cities and need an accountant, you should contact our Honolulu Accountants as soon as possible:
Ahuimanu
Aiea
Aliamanu
Ewa Beach
Halawa
Hilo
Honolulu
Kahului
Kailua
Kaneohe
Kaneohe Station
Kapaa
Kihei
Lahaina
Makaha
Makakilo City
Mililani Town
Nanakuli
Pearl City
Schofield
Barracks
Wahiawa
Waianae
Wailuku
Waimalu
Waipahu
Waipio
Did You Know?
You may need an accountant.
An accountant is a person who tracks the income and assets of businesses over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management.
Honolulu Audio & Video
Accounting Standards
Audio, RM, 32 Kbps, 3:30, 1/16/2002
Bob Edwards talks with Chuck Landes, Director of Audit and Attest Standards at the American Institute of Certified Public Accountants. Source: National Public Radio
Honolulu External Sites
#200: 03-30-04 HAWAII CERTIFIED PUBLIC ACCOUNTANT AND D
HAWAII CERTIFIED PUBLIC ACCOUNTANT AND DENTIST SENTENCED TO PRISON FOR TAX EVASION. WASHINGTON DC - Eileen J. O’Connor, Assistant Attorney General fo District of Hawaii
Raymond AC Nip, 64, a certified public accountant in Honolulu, was sentenced ... Edward H. Kubo, Jr., United States Attorney for the District of Hawa
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Latest accountant news in Honolulu and nationwide:
Jan 15, 2007 - Accounting Periods When Preparing A Statement Of Income
When preparing a statement of income and expenses (generally your income tax return), you must use your books and records ... Read more >
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general information related to accounting issues commonly encountered.
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Did You Know?
#200: 03-30-04 HAWAII CERTIFIED PUBLIC ACCOUNTANT AND D